Re:Goldman Sachs is spending $100M to shave milliseconds off...
by growse on Friday August 02, 2019 @09:01AM
(#20592605)
> This. A million times this. All possible arguments for price discovery are totally invalidated by regular market closures.
As has been pointed out elsewhere, the really big markets are OTC.
> If millisecond are good, then surely microseconds are even better! Next... nanosecond resolution price discovery for the uuuuuultimate liquidity.
If I go to market to get a price, I'd quite like that price "now", not at some arbitrary point in the future. Increasing the resolution reduces the amount of time I have to wait.
As has been pointed out elsewhere, the really big markets are OTC.
> If millisecond are good, then surely microseconds are even better! Next... nanosecond resolution price discovery for the uuuuuultimate liquidity.
If I go to market to get a price, I'd quite like that price "now", not at some arbitrary point in the future. Increasing the resolution reduces the amount of time I have to wait.